The overall picture of the scrap metal market at the beginning of 2025 shows mixed trends across the world. The US and Europe are seeing moderate price increases due to limited supply and seasonal factors, while the Chinese market remains weak due to low activity in the steel industry.
Key trends in the global scrap metal market (January-February 2025):
Turkey: Volatile start to the year, but with prices increasing by 1.7% in February to $355/t due to reduced supply.
Europe: Scrap shortage in Italy contributed to price increases, while Germany and Austria remain relatively stable.
USA: Prices up 4.3% year-to-date to $330.5/t, driven by challenging weather conditions and limited supply.
China: 4.5% decline due to weak demand in the steel sector and high inventories.
Forecast for the coming months:
Turkey: Further price strengthening is possible, but will depend on the exchange rate and steel demand.
Europe: Further price growth is expected, especially due to shortages in Southern Europe.
USA: The upward trend will continue, especially due to new tariff restrictions on steel imports.
China: Prices may stabilize, but for now the situation remains weak due to low demand.In the short term.
The market will remain dynamic, and the main influencing factors are scrap supply, exchange rates and steel demand.
Source: https://gmk.center/ua/posts/svitovi-cini-na-bruht-vidnovilis-na-1-5-2-z-pochatku-roku/
